posted on Mar, 27 2012 @ 10:36 AM
"LUKOIL Mid-East Ltd (West Qurna-2 project operator) signed several major contracts for West Qurna-2 field development in Iraq according to the
The contract with the Samsung Engineering (Korea) sets out 29 months to design 5 well pads with 67 development wells, 5 gathering lines, central
processing facility (CPF), Euphrates river water intake and water pipeline to the CPF, power supply system and field camp. The contract also covers
utilities for water treatment, distribution and disposal (including formation water), fuel gas extraction, instruments, drainage systems, commercial
oil storage tanks and pumping facilities, administration buildings, workshops, warehouses, chemical analytical laboratory, fire station, central
control room and other facilities...."
Now with Iraq putting its Oil fields up for auction -
And since Russia won the bids... PRICES ON THE RISE
Good Job invading them, now we don't get their oil as well!